Aztec Fluids & Machinery was incorporated on April 28, 2010. The company offers coding and marking solutions to a diverse range of industries, including personal care, food and beverages, pharmaceuticals, construction materials, cables, wires and pipes, metals, automotive and electronics, agrochemicals, chemicals, and petrochemicals.
| Bidding Dates |
|---|
| 10 May 2024 - 14 May 2024 |
| Subscription |
|---|
| 203.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 2000 | 3.6 M | ₹63 - ₹67 | 73.53 % | ₹226.8 M - ₹241.2 M | RHP DOC |
Aztec Fluids & Machinery IPO SUBSCRIPTION STATUS
14 May '24Aztec Fluids & Machinery IPO overall subscription rate was 203.03 times the total available shares
Aztec Fluids & Machinery IPO retail subscription rate was 228.43 times in the retail segment
Aztec Fluids & Machinery IPO non-institutional investor subscription rate was 252.78 times in the non-institutional investor category
Aztec Fluids & Machinery IPO Qualified Institutional Bidder subscription rate was 107.93 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 May 2024 (Day 3) | 228.43x | 252.78x | 107.93x |
13 May 2024 (Day 2) | 31.41x | 14.93x | 2.85x |
10 May 2024 (Day 1) | 5.35x | 2.73x | 1.75x |
Aztec Fluids & Machinery FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 45.1 | 509.3 | 47.1 | 20.5 | 11.3% |
| FY23 | 32.7 | 542.6 | 44.8 | 28.8 | 8.6% |
| FY22 | 31.1 | 457.2 | 18.1 | 8.6 | 8.9% |
| FY21 | 24.6 | 339.0 | 0.8 | -1.8 | 10.4% |
Aztec Fluids & Machinery IPO SUBSCRIPTION STATUS DETAILS
Aztec Fluids & Machinery had 3.6 M shares on offer
Aztec Fluids & Machinery IPO offer price was in the range ₹63 - ₹67
Aztec Fluids & Machinery IPO minimum Investment was ₹126000
Aztec Fluids & Machinery IPO issue size was ₹ 226.8 M - ₹ 241.2 M
Aztec Fluids & Machinery had a minimum lot size of 2000 Shares per application
Aztec Fluids & Machinery NUMBER OF SHARES ON OFFER
Aztec Fluids & Machinery IPO IMPORTANT DATES
| Issue Open Date | 10 May 2024 |
| Issue close Date | 14 May 2024 |
| Allotment Date | 15 May 2024 |
| Refund Date | 16 May 2024 |
| Demat Account Credit Date | 16 May 2024 |
| Listing Date | 17 May 2024 |
| Listing on Exchange(s) | BSE |
| Aztec Fluids & Machinery Allotment Status | Exchange |
Aztec Fluids & Machinery IPO subscription opened on 10 May 2024, and closed on 14 May 2024
IPO allotment for Aztec Fluids & Machinery was finalized on Wednesday, 15 May 2024
IPO listing for Aztec Fluids & Machinery was on BSE on Friday, 17 May 2024
Aztec Fluids & Machinery IPO LISTING GAINS
| Issue Price (adjusted) | 67.0 |
| Listing Open Price | 90.0 |
| Listing Close Price | 85.5 |
| Listing Gain% | 34.3% |
| Current Gain% | 42.2% |
Aztec Fluids & Machinery Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aztec Fluids & Machinery Ltd. | 95.2 | 129.5 | 17.5 | -8.4 | 1.3 | 12.9 | 6.9 | 97.4 | 6.7 | 7.4 | -2.1 | 5.4 | -2.1 |
| GNG Electronics Ltd. | 525.6 | 5993 | 42.1 | 0.3 | 3 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 579.2 | 926.4 | 23.8 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 87.9 | 889.7 | -10336.5 | 102.8 | 34.1 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 458.6 | 734.3 | 45.4 | 0.3 | 3 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 10.1 | 135 |
| BCC Fuba India Ltd. | 198 | 392.4 | 47.6 | 0.2 | 4.8 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
Aztec Fluids & Machinery INFORMATION ON IPO ISSUE
About Aztec Fluids & Machinery
Aztec Fluids & Machinery was incorporated on April 28, 2010. The company offers coding and marking solutions to a diverse range of industries, including personal care, food and beverages, pharmaceuticals, construction materials, cables, wires and pipes, metals, automotive and electronics, agrochemicals, chemicals, and petrochemicals.
Object of the Issue
- Funding the proposed acquisition of equity shares of Jet Inks
- Repayment of a portion of certain borrowing availed by the company
- General corporate purpose
Aztec Fluids & Machinery - PROMOTERS
| Name |
|---|
| Pulin Kumudchandra Vaidhya |
| Amisha Pulin Vaidhya |
| Kumudchandra Bhagwandas Vaidya |
Aztec Fluids & Machinery Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Aztec Fluids & Machinery Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Aztec Fluids & Machinery Strengths
Well-diversified customer base
For the 9MFY24 and FY23, Aztec Fluids & Machinery served over 1,200 and 1,100 customers, respectively. The company has sold its products in India and internationally, including in China, Malaysia, various African countries, and Middle Eastern countries
Varied product range
The company's product portfolio includes a range of printers such as Continuous Inkjet Printers (CIJ), Thermal Transfer Overprinters (TTO), Drop on Demand Printers (DOD), Non-Impact Jet Printers (NIJ, i.e., piezoelectric printers), and laser printers. Additionally, it offers printer inks and printer consumable items such as makeup and cleaning solvents
Long standing relationship
The company has successfully developed long-standing relationships with its customers, some of whom have been with it for around five years
Aztec Fluids & Machinery Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the company, its directors, and its promoters. Any adverse decisions in these proceedings could negatively impact the business
Highly competitive industry
The company operates in a highly competitive industry, and increased competition could lead to reduced revenues, lower profit margins, or a loss of market share
Significant indebtedness
The company has incurred significant indebtedness, which exposes it to various risks that may adversely affect its business and results of operations
IPO FAQs
The promoters of the company are Pulin Kumudchandra Vaidhya, Amisha Pulin Vaidhya and Kumudchandra Bhagwandas Vaidya.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 63.0 - 67.0.
The IPO application opens on May 10, 2024 and closes on May 14, 2024.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 134,000.0.
This IPO will be allotted on May 15, 2024.
The refund will be credited to your account on May 16, 2024.
The allotted shares will be credited to your demat on May 16, 2024.
Aztec Fluids & Machinery Ltd.’s shares listed on the stock exchanges on May 17, 2024.